Professional Documents
Culture Documents
DAILY
EXPIRY
DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19 JUN 2015
622
616
611
609
606
604
601
596
591
SYBEANIDR
19 JUN 2015
4347
4259
4171
4141
4083
4053
3995
3907
3819
RMSEED
19 JUN 2015
4230
4172
4114
4085
4056
4027
3998
3940
3882
JEERAUNJHA
19 JUN 2015
19056 18606
18156
17973
18356
CHANA
19 JUN 2015
4764
4718
4672
4655
4626
4609
4580
4534
4488
CASTORSEED
19 JUN 2015
4026
3974
3922
3895
3870
3843
3818
3766
3714
EXPIRY
DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19 JUN 2015
632
623
614
610
605
601
596
587
578
SYBEANIDR
19 JUN 2015
5329
4938
4547
4329
4156
3938
3765
3374
2983
RMSEED
19 JUN 2015
4449
4322
4195
4126
4068
3999
3941
3814
3687
JEERAUNJHA
19 JUN 2015
20826 19846
18866
18333
14946
CHANA
19 JUN 2015
5047
4909
4771
4705
4633
4567
4495
4357
4219
CASTORSEED
19 JUN 2015
4183
4072
3961
3914
3850
3803
3739
3628
3517
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
120
118
117
116
115
114
112
111
30 JUN 2015
421
416
414
411
409
406
401
396
3857
3817
3767
3727
3677
3587
3497
27627
27540
27393
27306
27159
26925
26691
426
GOLD
05 JUN 2015
2809 27861
5
LEAD
128
126
125
124
123
122
120
119
199
195
193
191
189
187
183
179
919
899
888
879
868
859
839
819
40472
40196
39773
39497
39074
38375
37676
NICKEL
SILVER
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 MAY 2015
135
129
123
119
117
113
111
105
99
COPPER
30 JUN 2015
450
438
426
419
414
407
402
390
378
4294
4055
3916
3816
3677
3577
3338
3099
GOLD
28092
27772
27275
26995
26458
25641
24824
LEAD
29 MAY 2015
154
145
136
130
127
121
118
109
100
229
214
201
197
188
183
175
161
148
NICKEL
1008
950
913
892
855
834
776
718
SILVER
41800
40850
39190
38250
36580
33970
31360
CRUDE OIL
Sunday, the third reduction since November, as it seeks to lower borrowing costs and support
the slowing economy. The People's Bank of China (PBOC) also reduced one-year benchmark
deposit rates by 25 basis points, it said in a statement on its website, adding that the reductions
would be effective on May 11. China launched a scheme to insure bank deposits from May 1,
ushering in a reform seen as vital for freeing up a highly-protected banking sector.
China factory output
China's factory output rose 5.9 percent in April compared with the same period last year,
slightly below forecasts and reinforcing expectations that the government will have to step up
its efforts to boost the cooling economy. A weak reading had been expected after the central
bank cut interest rates early this week for the third time in six months to lower companies'
borrowing costs and boost activity as the economy heads for its worst year in a quarter of a
century.Analysts polled by Reuters had forecast a 6.0 percent rise, up from 5.6 percent in
March, which was the weakest reading since the global financial crisis. Fixed-asset investment,
a crucial driver of the world's second-largest economy, rose 12 percent in January-April from
the same period a year ago, the National Bureau of Statistics showed on Wednesday.
BULLION
Gold
On the Comex division of the New York Mercantile Exchange, gold future for June delivery
inched up $1.00 cents, or 0.08%, to trade at $1,189.90 a troy ounce during U.S. morning hours.
Futures held in a tight range between $1,183.20 and $1,190.90.
On Friday, gold rose $6.70, or 0.57%, to close at $1,188.90. Prices were likely to find support
at $1,168.40, the low from May 1, and resistance at $1,199.30, the high from May 5.Also on
the Comex, silver future for July delivery tacked on 5.2 cents, or 0.32%, to trade at $16.51 a
troy ounce. Silver jumped 16.8 cents, or 1.03%, to end at $16.46.
Greece and the euro zone were to hold a fresh round of talks later Monday as Athens scrambles
to reach an agreement on a package of economic reforms in order to access fresh bailout
funds.Ahead of the talks, Greeces government indicated that it was still hopeful that progress
would be made, but euro zone officials have indicated that too many issues still remain
unresolved.
The Labor Department reported Friday that the U.S. economy added 223,000 new jobs in April,
just below expectations for jobs growth of 224,000. Marchs figure was revised down to just
85,000 from a previously reported gain of 126,000.The unemployment rate fell from 5.5% to a
near seven-year low of 5.4% last month, broadly in line with forecasts.The mixed data
underlined speculation that the Federal Reserve may hold off raising interest rates in the
immediate future. However, investors conceded that higher rates still remain on the horizon.
In the week ahead, investors will be focusing on Wednesday's U.S. retail sales report for April,
for fresh indications on the strength of the economy and the timing of a U.S. rate increase.
BASE METAL
Copper
Copper prices eased on Wednesday ahead of a raft of data from China expected to set the tone
for future monetary policies with the central bank already cutting rates three times since
November last year. At the MCX, copper futures for June 2015 contract were trading at
Rs.417.90 per 1 kg, down by 0.35 per cent, after opening at Rs. 418.70 against the previous
closing price of Rs. 419.35. However, losses were curbed due to the decline in the copper
stockpiles at the London Metal Exchange (LME) on account of the strong demand for the
commodity. LME copper stocks fell by 675 metric tonnes to 337850 metric tonnes as on May
13, 2015.
Zinc
Zinc futures declined 0.63 per cent to Rs 149.25 per kg today as participants trimmed positions
on weak cues from the global markets amid subdued demand in domestic spot markets.Zinc
futures for May 2015 contract, at MCX, were trading at Rs 149.25 per kg, down by 0.63 per
cent after opening at Rs. 149.85 against the previous closing price of Rs. 150.20, However,
losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange
(LME) on account of the strong demand for the commodity. LME zinc stocks fell by 3875
metric tonnes to 446025 metric tonnes as on May 14, 2015. Major refined zinc exporting
countries are Canada, Australia and Rep. of Korea, while major refined zinc importing
countries are China, USA and Germany.
ENERGY
Natural Gas
Natural Gas futures extended an advance in the domestic market on Friday as investors and
speculators weighed a below than expected US stockpile-build last week, signaling a pickup in
demand for the fuel which is used to fire up power plants as cooling demand rises during peak
summer months.US gas stockpiles climbed by 111 billion cubic feet to 1.897 trillion cubic feet
in the week ended May 8, 2015, compared to an estimated rise of 116 billion cubic feet by
analysts.Further, forecasts for warmer than average weather in the US in the coming days also
bolstered the demand outlook for the weather-sensitive fuel.At the MCX, Natural Gas futures
for May 2015 contract is trading at Rs 191.10 per 1 kg, up by 0.26 per cent after opening at Rs
191.20, against the previous closing price of Rs 190.60.
Crude Oil
Crude oil futures closed higher in the domestic market on Wednesday as investors and
speculators booked fresh positions in the energy commodity as a second straight drop in US
crude oil supplies eased fears over a US supply glut. US crude oil stockpiles fell by 2.19
million barrels to 484.8 million barrels in the week ended May 8, 2015, the EIA reported.
Meanwhile, gasoline supplies fell 1.1 million barrels, while distillate stockpiles dropped by 2.5
million barrels.
The International Energy Agency (IEA) raised its forecast for global oil consumption in 2015
by 50,000 barrels per day with world crude demand set to increase by 1.1 million barrels a day
this year, or 1.2 per cent, to average 93.6 million barrels a day.
At the same time, the agency upgraded its forecast for Non OPEC output growth by 200,000
barrels per day this year amid surprisingly strong production in Q1 from the likes of Russia,
China, Colombia, Vietnam and Malaysia. US retail sales were little changed in April, compared
to expectations of a 0.2 per cent rise, signaling weakness in the worlds biggest economy,
clouding the demand outlook for the fuel, curbing gains in oil futures.
UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters
are Syria and Turkey.
Chana
Following a shortage of chana , the market price of the crop has increased 40 per cent in the
past four months and it is trading at Rs 48 a kg now. Prices gained on account of low output
following nonseasonal rainfall and a sharp drop in the area under cultivation in key growing
belts. Demand pick-up in the spot market, too, supported the upswing in the commoditys
prices.Sharp rally in chana prices from Rs 2,600 to Rs 4,800 per quintal in the span of 7-8
months have been seen. This can attract the farmers again to sow pulses as cultivation cost will
be lower than the market prices. At least 20 per cent gain in sowing can be seen, which would
come to 10.30 million hectares and regain the lost acreage for this year.Poor returns from chana
crop as the prices traded below the Minimum Support Price (MSP) of 2013-14 had dissuaded
farmers from sowing the crop last year. Bagdai said, "Price factor definitely changes farmers'
mind and it may result in increased sowing next season. But, we have to wait for progress of
monsoon as it depends on rain."
As per department of commerce data, from April 2014 to February 2015, 389,990 tonnes of
chana was imported into the country while according to market sources, from February till now,
over 100,000 tonnes of chana has been imported into the country. Total import of chana in
2013-14 stood at 276,130 tonnes.The current season price of chana (chickpea) may play a
crucial role in helping farmers form a decision whether to sow the crop or not in the next
sowing period, which will commence after five months.It is analyst that low production has
resulted in chana price being traded upwards constantly since January.Reasons for good price
of chana are low sowing, poor quality because of unfavorable weather and strong demand from
mills and stockists.
Castorseed
Castor seed prices rose for the second straight day, supported by an upward trend at spot market
on strong demand. The commodity added Rs 33 to Rs 3,774 per quintal in future trading on
Friday, as participants enlarged position.At the National Commodity and Derivative Exchange,
castor seed for delivery in May was trading Rs 33, or 0.88 per cent, higher at Rs 3,774 per
quintal, having an open interest in 8,200 lots.
The June contract edged higher by Rs 22, or 0.57 per cent to Rs 3,876 per quintal, clocking an
open interest of 1,82,420 lots.Market men said a firming trend at spot markets on sustained
demand from consuming industries, rising export demand too influenced castor seed prices at
futures trade here.
Mustar seed
Mustard Seed prices closed lower by 0.02 per cent on Tuesday at the National Commodity &
Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on
account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard
Seed futures for May 2015 contract closed at Rs. 4,050 per quintal, down by 0.02 per cent, after
opening at Rs. 4,036 against the previous closing price of Rs. 4,051. It touched the intraday low
of Rs. 4,012. Sentiment weakened further due to the sluggish export demand as a result of the
weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed
production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per
cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million
MT annually.
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